Hyderabad, Andhra Pradesh India (PressExposure) March 25, 2011 -- Report Reserve announces inclusion of a new market research report to its premium store.
Global Small Wind (50-350kW) Power Market Analysis and Forecasts to 2015
GlobalData's Global Small Wind (50-350kW) Power Market Analysis and Forecasts to 2015 report gives an in-depth analysis of the global small wind turbine market and provides forecasts up to 2015. The research analyzes the growth and evolution of the global small wind turbine market in the range of 50kW to 350kW up to 2009 and gives historical and forecast statistics for 2001-2015. This research analyzes the market scenarios for this technology and regulatory policies that govern them. Detailed information on key current and upcoming small wind farms give a roadmap to this market's development. This coupled with elaborate country profiles for the US, the UK, Spain, and Italy give comprehensive understanding of the market scenario.
Wind turbine technology has been evolving
Wind turbine technology has evolved significantly in its design, capacity, and efficiency since it was first deployed in the 1980s to generate electricity. Today, the majority of wind turbines operate on horizontal axis with three blades that are attached to a rotor from which the electricity is transferred to a generator though a gearbox. Modern wind systems contain a communication system which allows the user to track performance and perform diagnostics wirelessly. Efforts are being made to enhance performance through increased software integration.
Small wind market is less matured than large wind
The small wind (50-350kW) market is relatively less mature compared to large wind with only US being the only country with a considerable presence in this sector. In 2008, 71.8MW was added in terms of small wind power capacity globally. With only UK alone projected to grow at a CAGR of 5.1% from 2009-15, the market maturity and saturation currently remain very low globally.
Financial incentives and government policies are driving wind technology
The wind energy market, like the market for other renewable energies, is primarily driven by government support policies and regulations. In the US, the wind market is primarily driven by federal tax credits and state-level RPS, the key regional market in the continent. In Europe in December 2008, the European Union (EU) agreed a new Renewable Energy Directive for a binding 20% renewable energy target by 2020. The EU's overall 20% renewable energy target for 2020 has been divided into legally binding targets for the 27 member states, averaging out at 20%. In the Asia Pacific government support is also driving wind energy growth. China's wind installed capacity has doubled every year since 2006. The Renewable Energy Law, along with other policy measures such as Medium and Long-Term Development Plan for Renewable Energy introduced in 2007, is driving the Chinese market even further. Additionally, many states in India also have feed-in tariff schemes and RPS in place and many states are adopting these policies to drive wind energy growth.
Insufficient grid infrastructure, Administrative hurdles, and supply chain bottlenecks are hampering wind uptake
The existing grid infrastructure is deemed to be insufficient and there is also an urgent need for modifications to be made to the existing grid infrastructure and grid regulations to accommodate wind power characteristics. Upgrading old electricity infrastructures and the construction of new infrastructure to meet future transmission and distribution demands will be a major challenge for wind power development. Furthermore, complicated zoning requirements, the lack of tax credits globally, unsatisfactory product performance, supply chain issues and the lack of net metering policies in many countries for small to medium sized wind will be the key challenges restricting growth in the future.
The demand for 50kW to 350kW wind turbines is declining
The market for small wind turbines is shrinking due to lack of demand from wind farm developers also the manufacturers are shifting production in favor of larger and more sophisticated systems. Currently wind turbines in the range of 50-350kW are used for residential purposes and small industrial and commercial purposes. Post 2006, the market development shifted towards the Asian countries, such as India and China, as the markets in the US and other developed countries shifted towards the larger turbine size. Wind turbine developers in the developed countries shifted production towards megawatt capacity turbines or went out of business due to lack of demand in 50kW to 350kW wind turbine market.
Global small wind power market is concentrated in the range of 50kW to 100kW
Installations in the wind power market in the range of 50 - 350kW are primarily concentrated between 50kW to 100kW range, which constitutes about 42.8% of the total turbines installed in 50-350kW range.
Major turbine manufacturers hold majority of the market
Currently, five manufacturers make up for more than 66% of the market. Kenetech Corporation and Vestas lead the pack with a market share of 24.3% and 18.1% in 2009, respectively. They are followed by Suzlon Energy Limited, NEPC India Limited, and Enercon GmbH with shares 11.7%, 8.1%, and 4.6% respectively in 2009.
The US market rising at a modest rate
The US 50-350kW wind turbine market grew from 1,642.4MW in 2001 to 1,671.4MW in 2009 at a modest CAGR of 0.2%. The introduction of Federal ITC is expected to provide a boost to the wind market though the large wind systems will reap better benefits. The cumulative capacity is expected to reach 1,704MW in 2015 with a forecast CAGR of 0.3%.
Small wind market in the UK is expected to pick up pace in future
Small wind turbine market in the UK is anticipated to rise in future ad a result of the implementation of the proposed feed-in tariff policy in 2010. The UK small wind market has shown growth in the last few years with an annual capacity addition of 8.05MW in 2009 itself. The UK small wind power market is expected to grow further due to financial incentives under the Renewable Obligation (RO), implementation of feed in tariff policies and streamlining the administrative procedures.
Spain has a negligible small wind power development
Spain mainly has large wind power plants installed and also there are no government policies supporting the small wind power development in the range of 50-350kW. The growth in the installed capacity of small wind turbines in the Spanish market has been more or less constant due to extremely developed large wind market which provides more than 50% of the total power market in the country. For more details, please visit [http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=10027]